As Intel Corp. (NASDAQ: INTC) stock signals a potential cycle top, two more Wall Street analysts have assigned a neutral rating.
Ruben Roy, a Wall Street analyst at Stifel Nicolaus, assigned a ‘Hold’ rating for INTC stock on July 10 in a note to clients. However, Roy raised his 12-month target price for Intel stock to $120 from $75, signaling a potential 9.94% upside.
The analyst noted that the company remains heavily reliant on the commentaries on central processing units (CPUs) and graphics processing units (GPUs). Furthemore, INTC stock is among the AI stocks that benefited from the significant ongoing investors’ AI buildout.
“We expect the stock to move more on end-demand comments (ASPs and volumes) tied to server CPUs and to supply-side comments (yields and volumes) on the GPU side of the business,” Roy stated.
Meanwhile, Aaron Rakers, an analyst at Wells Fargo & Co. (NYSE: WFC), maintained a neutral rating on I stock. Over the next 12 months, Rakers assigned a price target of $110 for Intel shares, representing a potential 0.78% upside.
INTC stock price forecast and performance
The average INTC stock price forecast from 39 Wall Street analysts surveyed by TipRanks was$102.50 at press time. As such, these Wall Street analysts have issued an average rating of ‘Hold’ for this company.
Essentially, Wall Street is neither bullish nor bearish on Intel shares over the next 12 months. Furthermore, the Fed’s recent comment that AI is fueling inflation, as Finbold explained, may affect investments in AI stocks, depending on the funds’ rate decisions in the second half of 2026.
Year-to-date (YTD), Intel stock has surged over 175%, to trade at about $108.61 at the time of publication. Notably, Intel shares have dropped from $139.63 in July, forming a potential double top, which is reflected in the average Hold rating from Wall Street analysts.
